Here is what to expect from Maruti, M&M, Hero, Bajaj Auto and other automakers in February auto sales

Here is what to expect from Maruti, M&M, Hero, Bajaj Auto and other automakers in February auto sales
BCCL
  • The February auto sales are likely to be a mixed bag of ups and downs as the two-wheeler sales remain under pressure and tractors continue to outperform.
  • Despite a sharp month-on-month uptick in discounts, the demand for two-wheelers continued to remain subdued, especially in the entry-level segment.
  • Check out the latest news and updates on Business Insider.
The auto companies are set to declare their monthly sales figures as we near the end of February. The auto sales for the months is likely to be a mixed bag of ups and downs as the two-wheeler sales remain under pressure and tractors continue to outperform, said an analyst report.

According to the Nirmal Bang report, the retail enquiries continued to remain healthy for passenger vehicles, and order backlog continued to be strong amid supply constraints. The report indicated that despite a sharp month-on-month uptick in discounts, the demand for two-wheelers continued to remain subdued, especially in the entry-level segment.

The tractors segment is expected to see a healthy growth in sales led by strong demand due to good Rabi sowing amid an increase in farm mechanisation.

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Here is what to expect from automakers in February

Maruti sales expectations:
Maruti Suzuki IndiaFebruary 2021 (expectations)February 2020YoY (%)
Domestic sales143,000136,8494.5%
Exports11,00010,2617.2%
Total sales154,000147,1104.7%
Source: Nirmal Bang


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M&M sales expectations:
Mahindra & MahindraFebruary 2021 (expectations)February 2020YoY (%)
Automotive36,50032,47612.4%
Farm Equipment32,00022,56141.8%
Total Sales68,50055,03724.5%
Source: Nirmal Bang


Bajaj Auto sales expectations:
Bajaj AutoFebruary 2021 (expectations)February 2020YoY (%)
Motorcycle345,000310,22211.2%
Three-wheeler42,00044,691-6%
Total387,000354,9139%
Source: Nirmal Bang
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Ashok Leyland sales expectations:
Ashok LeylandFebruary 2021 (expectations)February 2020YoY (%)
MHCV7,7007,3684.5%
LCV5,2504,10727.8%
Total sales12,95011,47512.9%
Source: Nirmal Bang


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Eicher Motors sales expectations:


Eicher MotorsFebruary 2021 (expectations)February 2020YoY (%)
VECV5,5004,43923.9%
Royal Enfield (RE)67,00063,5365.5%
Source: Nirmal Bang


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TVS February auto sales expectations:
TVS MotorFebruary 2021 (expectations)February 2020 YoY (%)
Three-wheeler13,00017,370-25.2%
Two-wheeler270,000235,89114.5%
Total283,000253,26111.7%
Source: Nirmal Bang


Hero MotoCorp February auto sales expectations:
Hero MotoCorpFebruary 2021 (expectations)February 2020YoY (%)
Motorcycle470,000498,242-5.7%
Source: Nirmal Bang
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